AJB
Also called: akta jual beli
Official deed of sale and purchase of land and houses made by PPAT as proof of transfer of rights.
What it means
AJB or deed of sale and purchase is an official document made by a land deed official to record the transfer of rights over land and buildings. This deed contains the identities of the seller and buyer, the property object, and the transaction price. AJB is the basis for processing the certificate's name transfer. Without AJB, the transfer of ownership is not officially recognized.
Why it matters for families
AJB protects the family from invalid transactions and is a requirement for mortgage disbursement. Errors in the deed, such as names or land area, can hinder the name transfer. Families should read the deed's contents before signing. Buying property only with a receipt without AJB is very risky.
Example
For example, a family buys a house for Rp500 million and pays a down payment first. AJB is only made after full payment or according to agreement, before the authorized official. This document is then used to process the name transfer to the buyer's name.
Common misunderstanding
Some people think AJB is sufficient as proof of ownership. Official ownership only transfers after the certificate is renamed in the buyer's name.